<ul data-eligibleForWebStory="false"><li>Iron ore experienced its biggest weekly gain since January as traders anticipated key economic data from China, the world's largest metals consumer.</li><li>Speculation arose that China's economy may have grown over 5% in the second quarter, signaling positive demand but potentially reducing the need for further stimulus measures.</li><li>Iron ore futures rallied on possibilities of Beijing aiding the property sector and addressing industrial overcapacity, despite trading slightly lower overall this year.</li><li>Futures in Singapore remained stable at $99.30 a ton, while a delegation of industry executives from Australia, including BHP Group and Rio Tinto Group, are visiting Beijing to strengthen trade ties.</li></ul>

Iron ore holds big weekly gain ahead of key China economic data

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